Wellington regional council gets credit upgrade

Greater Wellington Regional Council has had its credit rating upgraded by Standard & Poor's Ratings Services to AA from AA minus. The rating has a stable outlook.

The credit rating company said it has revised its methodology and assumptions for rating international local and regional government entities.

"The strength of this framework has always provided support to our credit ratings on New Zealand local governments, but our revised criteria places further emphasis on a country's institutional framework," Standard & Poor's credit analyst Kyran Curry said.

"The ratings are also supported by a track record of fiscal discipline and a soundly performing local economy that offsets weakening budgetary performance and rising debt levels associated with investment in transport infrastructure."

NZPA

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.

Related News:

Devon Funds Morning Note - 18 March 2026
TRA - Turners updates earnings guidance
March 18th Morning Report
MCY - Mercury opens $220m geothermal expansion
PYS - PaySauce undertakes Minimum Holding buyback
March 17th Morning Report
Meridian Energy monthly operating report for February 2026
MCY - Mercury considers Green Bond offer
March 16th Morning Report
Metro Performance Glass FY26 Market Update